{"id":457148,"date":"2022-07-12T15:40:54","date_gmt":"2022-07-12T14:40:54","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=457148"},"modified":"2025-11-28T11:50:01","modified_gmt":"2025-11-28T11:50:01","slug":"freetrade-vs-etoro","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/share-trading\/share-trading-reviews\/freetrade-vs-etoro","title":{"rendered":"Freetrade vs eToro"},"content":{"rendered":"

Freetrade and eToro are share trading platforms where you can buy and sell investments such as stocks and exchange-traded funds (ETFs)<\/a>. Freetrade\u2019s suited to beginners, while eToro is better suited to intermediate investors or confident beginners. <\/p>

Both have an app and both offer commission-free stock trading. When we tried them out, we concluded that Freetrade is easier to use, but eToro is far more comprehensive. In this guide, we\u2019ve pitted them against each another, comparing the investments available, fees and features. In each section, we\u2019ve scored and highlighted the main aspects and said which platform we believe is better.<\/p>

Freetrade vs eToro: Vital stats<\/h3>
\n \n
<\/th>\"Freetrade<\/a><\/td>\"eToro<\/a><\/td><\/tr>
Finder Score<\/th>9.5<\/span><\/span>Excellent<\/span><\/span><\/td>9<\/span><\/span>Excellent<\/span><\/span><\/td><\/tr>
Customer satisfaction survey<\/th>\u2605\u2605\u2605\u2605\u2605<\/span><\/td>\u2605\u2605\u2605\u2605\u2605<\/span><\/td><\/tr>
Stocks and shares ISA available?<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Fees score<\/th>
9.3<\/span><\/span>Excellent<\/span><\/span><\/td>		9<\/span><\/span>Excellent<\/span><\/span><\/td><\/tr>
Keep in mind<\/th>Capital at risk<\/td>Capital at risk. 50% of retail CFD accounts lose money<\/strong><\/td><\/tr>
<\/th>Go to Site<\/a><\/td>Go to Site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

At first glance, these providers look similar, with both getting a good overall Finder score in our analysis. One major benefit of Freetrade over eToro is that it offers an individual savings account (ISA), so you can invest up to \u00a320,000 in each tax year without having to pay capital gains tax on your profits. However, the Freetrade ISA comes with a \u00a35.99 monthly fee. eToro does not offer ISAs, so you could be liable to pay capital gains tax<\/a> on profits over \u00a33,000 in each tax year. <\/p>

Also, everything on eToro is denominated in US dollars, so you\u2019ll always have to convert your pounds before investing and then again when you want to withdraw money.<\/p>The Finder Awards recognise innovative products and services, as well as companies that provide outstanding service to their customers. Find out more<\/a>.

Both Freetrade and eToro are protected by the Financial Services Compensation Scheme<\/a> (FSCS), which protects your deposits by up to \u00a3120,000 if the platform were to go bust. <\/p>

Round 1: Fees<\/h3>
\n \n
<\/th>\"Freetrade<\/a><\/td>\"eToro<\/a><\/td><\/tr>
Fees score<\/th>9.3<\/span><\/span>Excellent<\/span><\/span><\/td>9<\/span><\/span>Excellent<\/span><\/span><\/td><\/tr>
Min. initial deposit<\/th>\u00a30<\/td>$50<\/td><\/tr>
Price per trade<\/th>\u00a30<\/span><\/td>\u00a30<\/span><\/td><\/tr>
Frequent trader rate<\/th>N\/A<\/span><\/td>N\/A<\/span><\/td><\/tr>
Foreign exchange fee<\/th>0.99%<\/td>0.75%<\/td><\/tr>
Keep in mind<\/th>Capital at risk<\/td>Capital at risk. 50% of retail CFD accounts lose money<\/strong><\/td><\/tr>
<\/th>Go to Site<\/a><\/td>Go to Site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

Both eToro and Freetrade are commission-free for share trading, so there\u2019s no brokerage fee for buying or selling stocks. There are other fees that might be applicable with both providers, though. One is the foreign exchange (FX) fee, which you\u2019ll pay to change your currency if you were to trade overseas shares. <\/p>

A really key point to know about eToro is that funds held in your account have to kept in US dollars. That means that when you deposit pounds sterling, they\u2019re immediately converted to dollars and you\u2019ll incur that 0.75% FX charge. If your plan is to invest in US stocks, then it\u2019s less of an issue, but if all you wanted to do was buy UK stocks, it\u2019s a fee we think you shouldn\u2019t really have to stump up. Freetrade\u2019s FX fee starts at 0.99% on the free plan and is lower on the paid plans is, while eToro\u2019s is a flat 0.75%.<\/p>

eToro has additional fees, such as for withdrawal and inactivity. If you want to invest in an ISA with Freetrade, you\u2019ll need to pay at least \u00a35.99 per month to upgrade your plan. It\u2019s also worth bearing in mind that eToro has a $10 minimum investment amount, whereas Freetrade is just \u00a32.<\/p>

Winner:<\/strong> Freetrade<\/p>\n\n\n\n\n\n\n\n\n\n\n